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Farm gate newsletter for August 16th 2021

News and analysis

LATEST MARKET PRICES

as August 16, 2021

      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average       Average      
Store    NI   51 - 180 138   195 20
  SI   60 -185 144   185 40
Prime NI   141 -290 215   290 120
  SI   161 - 286 224   226 120
STEER (c/kg) 481-580 Lwt NI   274 -338 306   338 238
Prime SI   291 -341 320   341 200
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 157 151 131 125 157 113
  SI 153 144 124 117 153 107
Local trade (c/kg) NI 890 860 750 730 890 650
  (16-22kg) SI 900 880 730 730 900 640
MUTTON ($/hd) gross NI 139 138 124 104 139 97
(21.0kg MX1) SI 143 141 121 101 143 92
BEEF (c/kg)              
P2 steer NI 588 578 503 533 588 483
  (270-295kg) SI 561 541 454 481 561 431
M2 Bull NI 555 555 493 520 555 473
  (296-320kg) SI 523 491 411 455 523 403
Local Trade P2 NI 598 588 528 578 598 488
  (180-280kg) SI 600 570 470 550 600 460
VENISON ($/hd) gross              
  AP Stag 60kg NZ 374 332 326 374 384 312
               
WOOL indicator auction prices (c/kg, clean) SI         Source: WSI, NZ Merino
  Mid mic (23.1-31.5)   658 765 958 645 958 471
  Fine Xbrd (31.6-35.0)   336 245 265 254 336 200
  Coarse Xbrd (>35 mic)   313 302 230 213 319 182
 Merino   1148 1767 1208

1190

2133 1040
Lambs wool  (28-31 micron)   298 283 233 213 308 178
DAIRY ($/tonne)              
  Butter   6,521 6,360 6,949 5,255 8,121 4,853
  Skim milk powder   4,292 4,460 4,738 3,948 4,787 3,868
  Wholemilk powder   5,113 5,513 5,679 4,590 6,093 4,223
 Cheese - cheddar   6,342 5,634 5,898 5,454 6,935 5,100
               
  Fonterra milk price   2019/20 final $7.14 2020/21 forecast $7.45 -$7.65*($7.55)
  Fonterra dividend   2019/20 final $0.05 2020/21 final $0.30
  Fonterra wet share price   2021-22 forecast $7.25 - $8.75 ($8.00) NZX FCG = $3.15
    * before retentions      

for more detailed price data, by individual saleyard or processor, see our comprehensive listings here ยป